---
schema_version: "secwatch.filing_event.v1"
accession: "0000822416-23-000024"
form_type: "8-K"
ticker: "PHM"
cik: "0000822416"
company_name: "PULTEGROUP INC/MI/"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-15T00:20:14.143113+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PulteGroup names Matthew Koart as COO, replacing retired John Chadwick

## Summary
- Koart appointed EVP/COO effective May 18, 2023; replaces John Chadwick who retired April 21.
- Base salary $750,000; AIP target $1.25M prorated; LTI target $2M (50% RSUs, 50% performance).
- Eligible for growth incentive pool: 15% allocation prorated; monthly living stipend $3,500.
- Koart previously CEO of Shapell Industries and founder of Koart Residential; former PulteGroup executive.
- Board granted limited ethics code waiver for Koart's minority development interests and approved potential $179K escrow payment.

## SEC filing metadata
- accession: 0000822416-23-000024
- form_type: 8-K
- ticker: PHM
- cik: 0000822416
- company_name: PULTEGROUP INC/MI/
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/822416/000082241623000024/0000822416-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/822416/000082241623000024/phm-20230516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000822416-23-000024
- JSON: https://secwatch.observer/filing/0000822416-23-000024.json
- Plain text: https://secwatch.observer/filing/0000822416-23-000024.txt

## Key facts
- Executive change
  Matthew Koart was appointed as Executive Vice President and Chief Operating Officer at PULTEGROUP INC/MI/.
  - Action: appointed
  - Role: Executive Vice President and Chief Operating Officer
  source text: On May 16, 2023, PulteGroup, Inc. (the “Company”) announced that Matthew Koart was appointed Executive Vice President and Chief Operating Officer (“COO”) of the Company, effective May 18, 2023 (the “Effective Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/822416/000082241623000024/0000822416-23-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.